The past decade has witnessed an influx in people reporting security violations to the SEC. This increase was welcomed by the U.S Congress who enacted the Dodd-Frank Wall street reform and Consumer Protection Act in 2010. The law was specifically enacted to provide an avenue for whistleblowing. The act seeks to protect and promote significant employees who report possible violations of the federal securities laws to the Securities and Exchange Commission; which is the body formed to deal with issues of this nature. Further the law provides incentives as a tool to encourage any helpful information.
This law was long overdue and was received heartily by ordinary folk. Labaton Sucharow is the first firm on record to develop exclusively a practice that revolves around the idea of promoting and protecting SEC whistleblowers.
The firm has since its inception focused all its energy towards promoting fair play in the market. This explains the companies decision to branch out to offering SEC whistleblowers a haven. Labaton Sucharow is a household name in the industry. The firm has since developed a fully equipped and qualified department. This department has contracted the best investigators, financial analysts, and forensic accountants. These individuals are qualified and have a vast experience in federal and state law experience. This investment is all in a bid to ensure unrivaled representation for whistleblowers.
The practice is led by the very able Jordan A. Thomas, who is a former Assistant Director and Assistant Chief Litigation Assistant counsel in the Division of Enforcement at SEC. This makes him the best and most qualified individual to head the practice; having played a pivotal role in the development of the Legislation.
The law expressly provides for monetary rewards to whistleblowers. The program dictates that any eligible whistleblower is to receive a sum of between 10-30% of the financial sanctions gained as a result of their information or actions in which the sanctions exceed $1 million. This amount may increase depending on alternative monetary sanctions imposed by other regulatory and law enforcement organizations.
Further, the Dodd-Frank Act specifically outlaws any retaliation by employers against whistleblower employees who report to the SEC under the provided law.
More information about the SEC Whistleblower program or a request a case evaluation can be gotten through contacting our whistleblower program through telephone, email or electronic submission to the firm’s website. All clients are guaranteed of free initial cost and enjoy advocate-client privilege.
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